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"  [ad_1]\r\n<br><div itemprop=\"articleBody\">\n\t\t\t<div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Polkadot trades at $6.34, with weekly losses exceeding 10%.</p>\n</li>\n<li dir=\"ltr\">\n<p>The ongoing crypto sell-off is putting pressure on the interconnectivity blockchain.</p>\n</li>\n<li dir=\"ltr\">\n<p>Technical charts indicate more weakness when the price retests support zone.</p>\n</li>\n</ul>\n<p dir=\"ltr\">Polkadot/USD is now trading at $6.34. This price represents a 10.85% drop in the last week. The overall bearish sentiment in crypto markets continues to affect DOT. The token is being affected by the same negative sentiment as other digital assets, such as the Fed's and BoE rate hikes.</p>\n<p dir=\"ltr\">Either way, the political instability raging in Eastern Europe is just as important. An escalation in the Russian-Ukraine war could be on the horizon. Russian President Putin called for partial mobilization in order to send more troops into Ukraine. </p>\n<p dir=\"ltr\">Polkadot is continuing to release micro-level updates to the blockchain. The parachains also show stable performance. Polkadot Insider report ranked Moonbeam’s GLMR token as the most traded on the network as of Sept.20. It had volumes of $12.5million. Its counterpart, MoonRiver’s MVR token, followed at $6.3 million. </p>\n<p dir=\"ltr\">Polkadot recorded over $77 million in transaction volumes during the week, with an average daily of 1,200 new accounts.</p>\n<p dir=\"ltr\">More positive fundamentals relate to the platform’s new staking protocol. Bifrost reported 121.551 minted tokens in the vDOT staking liquid pool four days ago. Bifrost Finance, the top Polkadot parachain and major staking platform, is Bifrost Finance.</p>\n<h2 dir=\"ltr\">DOT retests $6.3 Support</h2>\n<h3>eToro</h3>\n<p>eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.</p>\n<p>  <a href=\"http://coinjournal.net/visit/etoro-crypto?guid=NzU5NTQ&amp;component=simple-table&amp;language=en&amp;country=US&amp;position=1&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\">   Buy DOT with eToro today   </a>     </p>\n<h3>Binance</h3>\n<p>Binance is the largest cryptocurrency exchange in the world. Binance is a better choice for more experienced investors. There are over 600 cryptocurrencies available.  Binance is known for its low trading fees and multiple trading options, including margin trading, spot trading, and peer-to-peer. </p>\n<p>  <a href=\"http://coinjournal.net/visit/binance-crypto?guid=NzU5NTQ&amp;component=simple-table&amp;language=en&amp;country=US&amp;position=2&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\">   Buy DOT with Binance today   </a>  </p>\n<p dir=\"ltr\"><img data-expand=\"600\" class=\"lazyload\" height=\"324\" loading=\"lazy\" viewbox=\"\" src=\"https://media.igms.io/2022/08/22/1663882316530-68b10677-eeb8-467a-b9eb-335db9803d82.png\" width=\"600\"/>Source: TradingView</p>\n<p dir=\"ltr\">The daily chart below shows that DOT fell from $8 to just slightly over $6 in ten days. This trend of lower highs, lower lows is a 25% loss. Despite the RSI showing some modest buying, DOT may face consolidation at the 20 and 50 day MAs.</p>\n<h3 dir=\"ltr\">Conclusion</h3>\n<p dir=\"ltr\">The current level of the DOT has not been a great place to buy. The fact remains that the price looks extremely bearish below key levels. DOT trades at a RSI of 38, which is above the oversold level. There could be more downside than the benchmark, before any trend reverse.</p>\n</div>\n<p>https://coinjournal.net/news/is-the-slide-on-polkadot-an-opportunity-to-buy/</p>\n\t\t</div><script>\n\t\t\t\t\t(function() {\n\t\t\t\t\t\tvar loadFB = function (d, s, id) {\n\t\t\t\t\t\t\tvar js, fjs = d.getElementsByTagName(s)[0];\n\t\t\t\t\t\t\tif (d.getElementById(id)) return;\n\t\t\t\t\t\t\tjs = d.createElement(s);\n\t\t\t\t\t\t\tjs.onload = function() {\n\t\t\t\t\t\t\t\t// After FB Page plugin is loaded, the height of its container changes.\n\t\t\t\t\t\t\t\t// We need to notify theme about that so elements like eg. sticky widgets can react\n\t\t\t\t\t\t\t\tFB.Event.subscribe('xfbml.render', function () {\n\t\t\t\t\t\t\t\t\tjQuery('body').trigger('g1PageHeightChanged');\n\t\t\t\t\t\t\t\t});\n\t\t\t\t\t\t\t};\n\t\t\t\t\t\t\tjs.id = id;\n\t\t\t\t\t\t\tjs.src = \"//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.5\";\n\t\t\t\t\t\t\tfjs.parentNode.insertBefore(js, fjs);\n\t\t\t\t\t\t};\n\n\t\t\t\t\t\t\t\t\t\t\t\tdocument.addEventListener('lazybeforeunveil', function(e){\n\t\t\t\t\t\t\t// Start loading FB SDK when the widget is near visible viewport.\n\t\t\t\t\t\t\tif (-1 !== e.target.getAttribute('class').indexOf('fb-page')) {\n\t\t\t\t\t\t\t\tloadFB(document, 'script', 'facebook-jssdk');\n\t\t\t\t\t\t\t}\n\t\t\t\t\t\t});\n\n\t\t\t\t\t\t\t\t\t\t\t})();\n\t\t\t\t</script><script type=\"text/javascript\" id='bimber-shares-js-extra'>\n/*  */\nvar bimber_shares_config = \"{\"debug_mode\":false,\"facebook_sdk\":{\"url\":\"https://connect.facebook.net/en_US/sdk.js\",\"app_id\":\"\",\"version\":\"v5.0\"},\"microshares\":{\"tpl\":\"<div class=\"bimber-microshare-item-share\">nt<a class=\"bimber-microshare-item-share-toggle\" href=\"#\">Share</a>nt<div class=\"bimber-microshare-item-share-content\">ntt<a class=\"bimber-microshare bimber-microshare-pinterest bimber-share-pinterest\" href=\"https://pinterest.com/pin/create/button?url=https://www.btcethereum.com/blog/2022/09/23/is-the-slide-on-polkadot-an-opportunity-to-buy/&description=Is%20the%20slide%20on%20Polkadot%20an%20opportunity%20to%20buy?&media=bimber_share_media_url_placeholder\" title=\"Share on Pinterest\" target=\"_blank\" rel=\"nofollow\">Share on Pinterest</a><a class=\"bimber-microshare bimber-microshare-facebook bimber-share-facebook\" href=\"https://www.facebook.com/dialog/share?app_id=&display=popup&href=https://www.btcethereum.com/blog/2022/09/23/is-the-slide-on-polkadot-an-opportunity-to-buy/&quote=Is%20the%20slide%20on%20Polkadot%20an%20opportunity%20to%20buy?\" title=\"Share on Facebook\" data-share-url=\"https://www.btcethereum.com/blog/2022/09/23/is-the-slide-on-polkadot-an-opportunity-to-buy/\" data-share-text=\"Is the slide on Polkadot an opportunity to buy?\" data-on-share-callback=\"\" target=\"_blank\" rel=\"nofollow\">Share on Facebook</a><a class=\"bimber-microshare bimber-microshare-twitter bimber-share-twitter\" href=\"//twitter.com/intent/tweet?url=https://www.btcethereum.com/blog/2022/09/23/is-the-slide-on-polkadot-an-opportunity-to-buy/&text=Is%20the%20slide%20on%20Polkadot%20an%20opportunity%20to%20buy?%20\" title=\"Share on Twitter\" target=\"_blank\" rel=\"nofollow\">Share on Twitter</a>t</div>n</div>n\",\"domain\":\"https://www.btcethereum.com/blog/\"},\"i18n\":{\"fb_app_id_not_set\":\"Facebook App Id not set in Theme Options > Shares\"}}\";\n/*  */\n</script><script async src=\"https://platform.twitter.com/widgets.js\" charset=\"utf-8\"></script>\r\n<br>[ad_2]\r\n<br><a href=\"https://www.btcethereum.com/blog/2022/09/23/is-the-slide-on-polkadot-an-opportunity-to-buy/\">Source link </a>"
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